DUBLIN – Brazil’s Supreme Court has approved an Irish extradition warrant for a fugitive lawyer wanted on charges of committing massive loan fraud.
Michael Lynn fled Ireland in 2007 as police unearthed evidence that the lawyer used individual properties to collect multiple mortgage loans. At the time of his disappearance, prosecutors estimate he possessed more than 50 million euros ($65 million) in assets, including 148 properties and 154 bank accounts.
Lynn has become a symbol in Ireland for the reckless excess of the Celtic Tiger boom, when ill-regulated speculation drove property prices sky high for a decade — and nearly broke the banking system when the bubble burst in 2008.
The 44-year-old was arrested in Brazil in mid-2013. He faces extradition after Brazil’s top court rejected his appeal Tuesday.